19 hours Ago By Defense World Staff
Empowered Funds LLC acquired a new position in WD-40 (NASDAQ:WDFC – Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,407 shares of the specialty chemicals company’s stock, valued at approximately $341,000. A number of other hedge funds and other institutional investors have also recently modified their holdings of WDFC.
Thrivent Financial for Lutherans boosted its holdings in WD-40 by 42.4% in the 3rd quarter. Thrivent Financial for Lutherans now owns 16,026 shares of the specialty chemicals company’s stock worth $4,133,000 after buying an additional 4,775 shares during the period.
Charles Schwab Investment Management Inc. lifted its position in shares of WD-40 by 2.8% in the third quarter.
Charles Schwab Investment Management Inc. now owns 145,462 shares of the specialty chemicals company’s stock valued at $37,512,000 after acquiring an additional 3,960 shares in the last quarter. Pacer Advisors Inc.
boosted its stake in shares of WD-40 by 115.3% in the fourth quarter. Pacer Advisors Inc.
now owns 859 shares of the specialty chemicals company’s stock worth $208,000 after acquiring an additional 460 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of WD-40 by 24.
8% in the third quarter. JPMorgan Chase & Co. now owns 53,950 shares of the specialty chemicals company’s stock worth $13,913,000 after acquiring an additional 10,711 shares during the period.
Finally, Guidance Capital Inc. purchased a new stake in shares of WD-40 during the fourth quarter worth about $464,000. 91.
52% of the stock is owned by hedge funds and other institutional investors. WD-40 Stock PerformanceWDFC opened at $230.93 on Friday.
The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.75 and a current ratio of 2.
44. The stock has a market capitalization of $3.13 billion, a price-to-earnings ratio of 44.
24 and a beta of -0.05. The company has a fifty day moving average of $238.
93 and a 200 day moving average of $254.87. WD-40 has a fifty-two week low of $211.
03 and a fifty-two week high of $292.36. WD-40 (NASDAQ:WDFC – Get Free Report) last issued its quarterly earnings data on Friday, January 10th.
The specialty chemicals company reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.
10. The firm had revenue of $153.30 million during the quarter, compared to analyst estimates of $147.
40 million. WD-40 had a return on equity of 31.68% and a net margin of 11.
78%. The business’s quarterly revenue was up 9.2% compared to the same quarter last year.
During the same quarter last year, the business posted $1.28 earnings per share. As a group, sell-side analysts forecast that WD-40 will post 5.
42 earnings per share for the current fiscal year. WD-40 Increases DividendThe company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 17th were issued a dividend of $0.
94 per share. This represents a $3.76 annualized dividend and a dividend yield of 1.
63%. This is a boost from WD-40’s previous quarterly dividend of $0.88.
The ex-dividend date of this dividend was Friday, January 17th. WD-40’s dividend payout ratio is 72.03%.
Analyst Upgrades and DowngradesSeparately, DA Davidson reissued a “buy” rating and issued a $322.00 price target on shares of WD-40 in a report on Monday, January 27th.Check Out Our Latest Stock Report on WD-40WD-40 Company Profile (Free Report)WD-40 Company develops and sells maintenance products, and homecare and cleaning products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.
The company provides multi-purpose maintenance products that include aerosol sprays, non-aerosol trigger sprays, precision pens, and in liquid-bulk form products under the WD-40 Multi-Use brand name; specialty maintenance products, such as penetrants, degreasers, corrosion inhibitors, greases, lubricants, and rust removers under the WD-40 Specialist brand; and bike-specific products.Featured ArticlesFive stocks we like better than WD-40The How And Why of Investing in Oil StocksRay Dalio’s Bridgewater Loaded Up on These Stocks in Q4 2024How to Use the MarketBeat Stock Screener Walmart Faces Tariff Headwinds, Consumer Trends Remain PositiveConference Calls and Individual InvestorsTesla: 2 Reasons to Buy, 1 Reason to Run.
